USDA Funding is BACK! 100% Financing is still available! No Down Payment!

USDA Funding is BACK! 100% Financing is still available! No down payment!

That's right it is back! I just got the word from my primary lender that I use that they are starting to take applications for the USDA 100% financing program. If you are not familiar with this program then I will refresh your memory. This is from the USDA and only rural areas are eligible for the 100% financing program. There are income restrictions and debt to income restrictions. There are no minimum credit scores for this 100% financing program. Each application is looked at on a case by case basis. Check with your local lender to see if you qualify.

When the $8000 tax credit ended we had no other options for people who missed out, but we do now. The USDA 100% financing program offers another option for first time homebuyers and people with limited down payments.

USDA Eligibility Site. What locations qualify?

USDA Income Limitations